RBC Homeline Plan

RBC Homeline Plan®

Save money and improve your cash flow — let the equity in your home work for you

The RBC Homeline Plan® account is a smart, easy way to manage all your personal credit — from your mortgage to outstanding balances on loans and lines of credit. Plus, you could save hundreds of dollars in interest charges!

Whether you're looking to buy a home and have a 20% down payment, or you're an existing homeowner with at least 20% equity in your home, the RBC Homeline Plan® could be the right solution for all your borrowing needs.

Manage Your Mortgage and Personal Credit Under One Plan

With the RBC Homeline Plan®, you have access to our Royal Credit Line® and Royal Bank® mortgages all in one plan, which you can designate for different needs, including home renovations, a new car, a vacation or your child's education. Plus, it's a great way to save money by consolidating any existing debts in your line of credit, under a lower interest rate.

Put The Equity in Your Home to Work for You

Through the RBC Homeline Plan®, the money is yours to use any way you wish. Once your credit limit is set, you can borrow any time, up to your available credit limit on your credit line.

And, you can easily access funds from your credit line through online banking, ATMs, any RBC® branch or by writing a cheque.

Split Your Mortgage Between Fixed and Variable Rates

The RBC Homeline Plan® allows you to split your mortgage and enjoy the advantages of both variable and fixed rates! The variable portion lets you take advantage of potential long-term savings, while the fixed rate portion protects you if rates rise.

HomeProtector® Mortgage Insurance

Start Your Online Mortgage Pre-Approval

Lock your rate and know exactly how much home you can afford. Start your pre-approval online and an RBC® mortgage
specialist will be in touch within 24 hours to help you complete your pre-approval application.

5) Interest rate is an annual rate and is compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time.

6) Interest rate is compounded monthly, not in advance. This rate may change at any time without notice. Royal Bank of Canada prime rate is an annual variable rate of interest announced by Royal Bank of Canada from time to time as its prime rate.

7) Special Offers are discounted rates and are not the posted rates of Royal Bank of Canada. Specials Offers may be changed, withdrawn or extended at any time, without notice.

The annual percentage rate (APR) is based on a $ 250,000 mortgage for the applicable term assuming a processing fee of $250 (which includes fees associated with determining the value of the property). If there are no cost of borrowing charges, the APR and the interest rate will be the same.

Mortgage funds must be advanced within 120 days of date of application in order to qualify for the Special Offer rate. Offer may be changed, withdrawn or extended at any time, without notice.

Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions apply. Offer may be changed, withdrawn or extended at any time, without notice.